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Regulators set new subprime loan standards »

2007-06-29 15:15

Regulators tighten subprime lending rules (Reuters)

Three homes display 'For Sale' signs in a row on Palma Bonita Lane in Perris, California May 2, 2007. U.S. bank regulators issued new standards for subprime mortgage lending Friday that includes several new consumer protections. (Mark Avery/Reuters)Reuters - Bank regulators tightened standards for mortgage lending on Friday in a bid to curtail risky practices that have been blamed for a record level of foreclosures.


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